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Prudential Financial Inc. - PRU STOCK NEWS

Welcome to our dedicated news page for Prudential Financial (Ticker: PRU), a resource for investors and traders seeking the latest updates and insights on Prudential Financial.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Prudential Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Prudential Financial's position in the market.

Rhea-AI Summary
Prudential Financial, Inc. (NYSE: PRU) reported a net income of $511 million ($1.38 per Common share) for the second quarter of 2023, compared to a net loss of $1.010 billion ($2.71 per Common share) for the second quarter of 2022. After-tax adjusted operating income was $1.087 billion ($2.94 per Common share) for the second quarter of 2023, compared to $895 million ($2.34 per Common share) for the second quarter of 2022. The company's assets under management were $1.415 trillion, and capital returned to shareholders was $713 million in the second quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.07%
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earnings
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.51%
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none
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Rhea-AI Summary
Prudential Financial, Inc. (NYSE: PRU) announces a reinsurance agreement with Somerset Re, resulting in approximately $450 million in proceeds. The transaction covers approximately $12.5 billion of reserves backing Prudential’s guaranteed universal life policies, reducing market sensitivity and increasing capital flexibility. The agreement does not impact customers and distribution partners.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.85%
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none
Rhea-AI Summary
Prudential Financial, Inc. (NYSE: PRU) releases its annual sustainability report, highlighting efforts in employee well-being, societal engagement, product innovation, governance, cybersecurity, ethics, and climate risk and resilience. The report also showcases the company's achievements in expanding access to financial security, empowering talent, supporting communities, and sustainable investments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.76%
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none
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Rhea-AI Summary
Prudential Financial (PRU) signs on as title sponsor for Brick City HBCU Kickoff Classic, featuring Grambling State University and Hampton University. The sponsorship is part of Prudential's commitment to deepen investments within the Black community and drive economic inclusion and generational wealth. The event aims to increase awareness of HBCUs and have a direct impact on the city of Newark through scholarship awards, partnerships, and local economic development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.29%
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none
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Rhea-AI Summary
Prudential Financial, Inc. has partnered with Nayya to provide employees with a benefits decision support tool. The tool aims to help employees understand their benefit options and make informed decisions. This partnership comes as healthcare costs and complexity continue to rise in the U.S.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
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partnership
Rhea-AI Summary
PGIM Private Capital provided nearly $6.7 billion of senior debt and junior capital to more than 120 middle-market companies and projects globally in the first half of 2023.
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0.03%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.75%
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none
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Rhea-AI Sentiment
End-of-Day
-0.14%
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earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.31%
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management
Prudential Financial Inc.

NYSE:PRU

PRU Rankings

PRU Stock Data

42.17B
357.90M
0.18%
58.49%
1.79%
Direct Life Insurance Carriers
Finance and Insurance
Link
United States
Newark

About PRU

for 140 years, prudential financial (nyse:pru) has helped people grow and protect their wealth. we offer individual and institutional clients a wide array of financial products and services. today, we are one of the world’s largest financial services institutions. we have over $1 trillion of assets under management as of september 30, 2015, and approximately $3.5 trillion of gross life insurance in force worldwide as of december 31, 2014. we have operations in the united states, asia, europe and latin america. we also have one of the most recognized and trusted brand symbols: the rock® , an icon of strength, stability, expertise and innovation. we measure our long-term success on our ability to deliver value for shareholders, meet customer needs, attract and develop the best talent in our industry, offer an inclusive work environment where employees can develop to their full potential, and give back to the communities where we live and work.